LSV Asset Management lowered its position in Sally Beauty Holdings, Inc. (NYSE:SBH - Free Report) by 10.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 3,117,300 shares of the specialty retailer's stock after selling 352,200 shares during the period. LSV Asset Management owned 3.06% of Sally Beauty worth $32,576,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. lifted its stake in Sally Beauty by 119.1% in the fourth quarter. Federated Hermes Inc. now owns 3,702 shares of the specialty retailer's stock valued at $39,000 after buying an additional 2,012 shares during the period. R Squared Ltd bought a new stake in shares of Sally Beauty in the 4th quarter valued at $56,000. KBC Group NV lifted its position in shares of Sally Beauty by 89.0% during the 4th quarter. KBC Group NV now owns 5,871 shares of the specialty retailer's stock valued at $61,000 after acquiring an additional 2,764 shares during the period. Wealth Advisory Solutions LLC bought a new position in Sally Beauty during the fourth quarter worth $105,000. Finally, EMC Capital Management grew its holdings in Sally Beauty by 105.5% in the fourth quarter. EMC Capital Management now owns 12,536 shares of the specialty retailer's stock worth $131,000 after purchasing an additional 6,436 shares during the period.
Sally Beauty Stock Down 5.4 %
Shares of Sally Beauty stock traded down $0.46 on Tuesday, hitting $8.01. The company had a trading volume of 2,214,386 shares, compared to its average volume of 1,735,993. The stock has a market capitalization of $816.14 million, a price-to-earnings ratio of 4.79 and a beta of 1.35. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.44 and a current ratio of 2.27. Sally Beauty Holdings, Inc. has a 1 year low of $7.54 and a 1 year high of $14.79. The stock has a 50 day moving average of $8.94 and a 200-day moving average of $11.11.
Sally Beauty (NYSE:SBH - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The specialty retailer reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. Sally Beauty had a return on equity of 30.35% and a net margin of 4.73%. The business had revenue of $937.90 million for the quarter, compared to analysts' expectations of $941.44 million. As a group, sell-side analysts forecast that Sally Beauty Holdings, Inc. will post 1.81 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on SBH shares. DA Davidson dropped their price objective on shares of Sally Beauty from $13.00 to $10.50 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Morgan Stanley cut their price target on Sally Beauty from $12.00 to $10.00 and set an "underweight" rating on the stock in a report on Tuesday, January 21st. StockNews.com raised Sally Beauty from a "hold" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Canaccord Genuity Group began coverage on Sally Beauty in a report on Thursday, January 16th. They issued a "buy" rating and a $14.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Sally Beauty has an average rating of "Hold" and an average target price of $12.70.
Read Our Latest Report on SBH
Sally Beauty Profile
(
Free Report)
Sally Beauty Holdings, Inc operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals.
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